Subject Root Tag

The lender and servicer is spending $9.3 million on security upgrades in addition to its pending $25 million fund for consumers and their attorneys.

Jason Mitchell, the CEO of The Mitchell Group, called the CFPB's lawsuit against both his company and Rocket Homes "a witch hunt."

Mortgage rates have run higher since the most recent Federal Reserve meeting as consumer spending points to economic strength.

Analysts are unsure what the Federal Open Market Committee will do with monetary policy in 2025. The panel projects two rate cuts, but some analysts expect more, and others see fewer.

At least one buyer was looking for a barndominium, while another wanted a roller coaster, according to Zillow's analysis of data from its home search feature.

The Federal Reserve is poised to make several key decisions during the year ahead that will impact monetary policy both in the near term and for years to come.

Mortgage rates should decline very gradually next year as the Federal Reserve will keep to its implied path of short-term rate reductions, Freddie Mac said.

The complaint claims over 50 class members and it alleges potential damages exceeding $5 million from the bank.

Separate forbearance and government-sponsored enterprise delinquency indicators both reached relatively high levels for the year, but not for the same reason.

The Bank Policy Institute, the American Bankers Association and others said proposed changes would address "some if not all" of banks' concerns about stress tests, but they are filing the lawsuit to preserve their legal right to do so.

Companies' new uses for AI, regulators' responses to past cyber incidents and wider acceptance of digital collateral were among the year's top developments.

JPMorgan Chase, Wells Fargo, Bank of America, U.S. Bank and Citi had more than $1 billion in combined first-mortgage loans as of Sept. 30.

Changes to buyer broker commissions, along with the National Association of Realtors battle with the Biden Administration, had an impact on how mortgage lenders operated in 2024.

Fifteen percent of residences had three or more structures, which can go undetected by insurers even when they identify a secondary structure.

The Federal Reserve will seek comment on the current stress-testing regime with an eye toward increasing transparency and reducing volatility. Modifications would not go into effect until at least 2026.

The watchdog accuses Rocket Homes and The Mitchell Group brokerage of initiating a plan to generate origination business for Rocket Mortgage.

A Washington, DC tax accountant pleaded guilty for submitting falsified documents in his application for a $1.4 million purchase loan, which he later received.

The scorecard the Federal Housing Finance Agency draws up yearly applies to two influential loan buyers and an entity overseeing the fungibility of their bonds.

Sales of bonds earmarked for supplemental coverage of large windstorms, earthquakes and other events totaled $17.7 billion, up 7% from the previous record set a year ago.

The industry agenda calls for amending longstanding rules like loan officer compensation, to nixing Biden-era plans trade groups say hurt both consumers and industry players.